SEC Faces Crucial Decision on Ripple Appeal as Deadline Approaches

The U.S. Securities and Exchange Commission (SEC) has only a few days left to decide whether it will challenge the recent ruling in the Ripple case.

With an October 7 deadline looming, many experts are speculating on whether the SEC will pursue an appeal, a move that could impact future cryptocurrency regulations.

Pro-XRP attorney Fred Rispoli sees a strong possibility that the SEC will move forward with an appeal, arguing that a favorable ruling for the agency could set a precedent for the classification of digital assets.

If the SEC leaves the ruling unchallenged, the decision would remain confined to Ripple’s secondary sales, limiting its broader impact.

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Meanwhile, the SEC faces the risk of a legal loss if it appeals, which could further restrict its authority in the crypto space.

Legal experts are closely monitoring the case as the SEC’s next move could shape the trajectory of crypto regulation in the U.S., especially regarding how digital assets are classified under securities laws.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.